“1k turns to P1700” investment scam founder fall

The alleged suspect in another investment scam in Cagayan de Oro during an interview with the media inside the NBI office.

CAGAYAN DE ORO CITY - An alleged founder of another investment scam in Cagayan de Oro fall into the hands of the National Bureau of Investigation, regional office 10 here.

NBI operatives identified the suspect as a certain Antonette Sestoso, a resident of this city. Sestoso reportedly turned herself over to NBI for fear of reprisal from her victims. She also said she surrendered to face any investigation and she would tell the truth about the company and its operations.

Sketchy reports revealed that the suspect collected more than half million pesos from those who complained at the NBI office 10. However other unconfirmed reports had it that the suspect allegedly carted away P30-M pesos from hundreds of investors.

At the NBI office 10, the suspect admitted she was responsible in posting on Facebook very enticing adverts such as turning the investor's "P1K to P1700 in just 10 days."

Lawyer Alex Caburnay also of NBI-10 told the media that if the Securities and Exchange Commission (SEC) did not give secondary license to a certain company offering investments, then it is a scam and the city residents must be aware of this fact.

He told city residents to be watchful because there a lot of offers on Facebook that are all "too good to be true."
"Para dili mo mailad kay daghan na karon investment schemes sa internet," Caburnay claimed. (JCE)